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HomeMy Thoughts on JP Morgan’s $13 Billion Fine
Posted by Larry Doyle on October 21st, 2013 10:12 AM |
Does a $13 billion fine such as that levied against JP Morgan represent justice?
I was asked by my friends at Global Economic Intersection to weigh in on the following questions regarding this penalty seemingly so large as to be hard to fathom.
Is the reported settlement appropriate? Sufficient? Insufficient?
How many criminal charges would be appropriate? None? Operational management? Executive management?
If you believe the action by DoJ is appropriate, has it been timely?
Should there be similar action against other banks? (more…)
Poll: Is an $11B Fine The Right Justice for JPM?
Posted by Larry Doyle on September 26th, 2013 8:56 AM |
The rap sheet that has developed on JP Morgan over the last few years might have made John Gotti proud.
But remember, even though the Teflon Don escaped justice for a long time, ultimately the Feds caught up to him and he spent his last days listening to this.
Oh how the Don wishes he could have been a Wall Street banker rather than in the carting business and other organized activities. If so, he probably wishes he could be Jamie Dimon. Why so? (more…)
